SiC Processing to unveil redevelopment plan
SiC Processing GmbH has announced it will develop a restructuring plan to ensure the companys liquidity in the coming weeks. Meanwhile, it has agreed with its major creditors to defer upcoming payments.
Moncada plans 189 MW South African PV project
Italian renewables company Moncada Group has won the second tender issued by the South African Department of Energy to build a 189 MW, 240 million photovoltaic plant in De Aar, near Cape Town.
EU permits expanded range of duty-free Chinese imports; comments on Chinese polysilicon investigation
With the fallout from the ongoing EU anti-dumping investigation into Chinese photovoltaic products continuing with yesterdays Chinese criticism of FIT subsidies in European member states, the union has muddied the waters further with the latest plans for its Generalized Scheme of Preferences (GSP). Meanwhile, a spokesman has commented on the recently filed anti-dumping polysilicon investigation launched by China.
Algeria plans over 3 GW of solar
Algerian state-owned company Sonelgaz intends to deploy more than four GW of renewable energy in Algeria within the next decade, most of which will comprise solar power.
LDK Solar terminates wafer supply contract for $33.4 million
LDK Solar has agreed to terminate a long-term solar wafer supply contract with Japan-based Sumitomo Corporation. As a result, Sumitomo will pay LDK US$33.4 million.
Solar exit costs Siemens 250 million
Siemens’ exit from the photovoltaics and solar thermal industry is expected to cost the electronics giant 250 million this year. Since 2009, the Munich-based company has invested around 800 million in its solar business.
China: LDK partners with coal producer; appoints new CEO
China-based LDK Solar has, according to reports, entered into a partnership with state-owned coal producer China Pingmei Shenma Group under which it will develop photovoltaic projects in Chinas Henan province. The company has also announced the appointement of a new CEO.
PV contribution reaches 6% in Germany
The share of solar power in Germanys energy mix has risen 50% on the back of increased photovoltaic installation activity and a high number of sunshine hours. Overall, the contribution of renewable energy in the country grew in the first nine months of 2012.
PV on the campaign trail Down Under
New residential solar market research in Australia was released yesterday, challenging the oft-repeated claim that photovoltaic support programs like FITs are “middle class welfare,” and are taken up by middle or upper income households.
Solon establishes solar JV in Israel
Solon Energy GmbH has established a joint venture with Israel-based Elco. The new company already has two photovoltaic projects under construction, and is hoping to work on a further 200 MW in the country.
